Acci To Organise Two Ramadan Majlis Relating To The Industrial And Real Estate Sectors

Date: 19/04/2021


Acci To Organise Two Ramadan Majlis Relating To The Industrial And Real Estate Sectors

The Ajman Chamber of Commerce and Industry (ACCI) will organize two Ramadan Majlis relating to the industrial and real estate sectors with the participation of its partners from government entities and its members to discuss the views and opinions that aim to support the economy in the emirate and the UAE in general. Abdullah Abdulmohsen Al Nuaimi, Acting Executive Director for Communication and Members Support at ACCI, explained that the Ramadan Majlis would be attended by real estate experts and stakeholders, along with representatives of real estate offices. The Majlis would discuss the industrial expansion and its impact on real estate development, as well as the future of real estate, the effects of the Corona pandemic on it, and the new technologies adopted in the real estate sector, he added. These Majlis aim to enhance the communication between representatives of real estate offices and the relevant government departments, Al Nuaimi said, stressing their importance given the size of the sector’s contribution to the emirate's GDP. The real estate activities contributed by 6% to the emirate’s GDP in 2019, while the construction and building sector contributed by 13%, he added. The two Majlis would allow direct meeting of the participants, alongside the possibility to join them remotely so as to allow as many as stakeholders to benefit from them, Al Nuaimi added. For his part, Marwan Hareb Al Aryani, Director of the Promotion and International Relations Department, explained that the Ramadan Majlis "Industry in the Emirates, Opportunities and Empowerment" would discuss the government incentives for local industries and the national strategy for the development of the national industries. It would also highlight the targeted industrial sectors, market aspirations, conditions, controls for support and financing, and the mechanisms supporting medium and small industries, he added. He further explained that the Industrial Majlis would target decision-makers in the government sector, industrial sector investors, entrepreneurs and owners of medium and small enterprises. "The industrial sector contributed by the lion's share to the emirate's GDP with 32% in 2019," Hareb added.